AkzoNobel Share Buyback Program (Week 38 of 2008)

September 22, 2008

AkzoNobel has announced that, in line with the launch of its share buyback program on March 17, 2008, the company has repurchased 986,830 ordinary shares in the period September 15 until September 19, 2008. Shares were repurchased at an average price of €40.25.

The total number of shares repurchased under this program to date is 29,451,745 ordinary shares for a total consideration of €1.349 billion.

The first €1 billion tranche of the €3 billion share buyback program was concluded by the end of July 2008. The second tranche of €1 billion is expected to be completed by year end 2008.